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Change Today -0.058 / -2.00%
Volume 250.0
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ultralife corp (ULB) Snapshot

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03/26/14 - €3.24
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10/30/14 - €2.00
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ultralife corp (ULB) Details

Ultralife Corporation offers power and communications solutions in the United States and internationally. It operates through two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt batteries, cylindrical batteries, thin lithium manganese dioxide batteries, lithium ion cells and rechargeable batteries, GenSet eliminators, and uninterruptable power supplies, as well as rugged battery charging systems, and accessories, including smart chargers, multi-bay charging systems, and various cables. The Communications Systems segment provides communications systems and accessories for military communications systems, such as RF amplifiers, power supplies, power cables, connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, and integrated communication systems for fixed or vehicle applications comprising vehicle adapters and SATCOM systems. This segment is also involved in the design, integration, and fielding of portable, mobile, and fixed-site communications systems. The company offers its products under the Ultralife Batteries, McDowell Research, AMTI, and ABLE brand names. It serves government, defense, and commercial customers. Ultralife Corporation sells its products through original equipment manufacturers, and industrial and defense supply distributors, as well as directly to the United States and international defense departments. The company was founded in 1990 and is headquartered in Newark, New York.

597 Employees
Last Reported Date: 03/14/14
Founded in 1990

ultralife corp (ULB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $463.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $277.5K
Compensation as of Fiscal Year 2013.

ultralife corp (ULB) Key Developments

Ultralife Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 28, 2014; Provides Earnings Guidance for 2014

Ultralife Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 28, 2014. Revenue was $16.1 million, compared to $20.4 million for the third quarter of 2013, a $4.3 million, or 21%, decline reflecting an increase of $0.4 million in Battery & Energy Products sales offset by a $4.7 million decrease in Communications Systems sales. The company reported a net loss attributable to Ultralife of $0.3 million, or $0.02 per share, compared to net income of $0.6 million, or $0.04 per share, for the third quarter of 2013. Operating loss was $55,000 against profit of $652,000 a year ago. Loss from continuing operations before income taxes was $266,000 against income of $591,000 a year ago. Net loss from continuing operations was $326,000 or $0.02 per share against profit of $607,000 or $0.04 per share a year ago. For the nine months, total revenues were $46,546,000, operating loss was $2,475,000, loss from continuing operations before income taxes was $2,744,000, net loss from continuing operations was $2,921,000 or $0.17 per share and net loss attributable to Ultralife was $2,969,000 or $0.17 per share against total revenues of $58,659,000, operating loss of $847,000, loss from continuing operations before income taxes of $1,050,000, net loss from continuing operations of $1,185,000 or $0.07 per share and net loss attributable to Ultralife of $995,000 or $0.06 per share for the same period a year ago. Despite the Company's commercial sales momentum, management now expects revenue for the year to be up to 20% below last year given the reduction in global government and defense spending exacerbated by the continued timing uncertainties of several Communications Systems projects. As a result, management expects an operating loss of approximately 3% to 4% of sales for 2014.

Ultralife Corp. to Report Q3, 2014 Results on Oct 30, 2014

Ultralife Corp. announced that they will report Q3, 2014 results at 10:00 AM, US Eastern Standard Time on Oct 30, 2014

Ultralife Corp., Q3 2014 Earnings Call, Oct 30, 2014

Ultralife Corp., Q3 2014 Earnings Call, Oct 30, 2014


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